Electric Vehicles (EVs) are revolutionizing the automotive industry, offering a sustainable and eco-friendly alternative to traditional gasoline-powered vehicles. India, with its pressing need to reduce pollution and dependence on fossil fuels, has seen a surge in innovative EV startups. Here’s a detailed look at the top 10 electric vehicle startups in India making significant strides in this space.
1. Ather Energy
Summary:
Ather Energy, founded in 2013 and based in Bengaluru, is a leading innovator in the Indian electric vehicle market. They are renowned for their smart, connected electric scooters, particularly the Ather 450X. These scooters feature advanced technology such as touchscreen dashboards, cloud connectivity, and fast-charging capabilities. Ather has also established a comprehensive charging network, Ather Grid, and opened a large-scale manufacturing plant in Hosur. Significant investments from Flipkart founders and Hero MotoCorp have bolstered their growth.
| Founded | 2013 |
|---|---|
| Headquarters | Bengaluru, Karnataka |
| Overview | Known for smart and connected electric scooters like Ather 450X with touchscreen dashboard and fast charging. |
| Key Achievements | – Established Ather Grid charging network<br>- Funded by Flipkart founders and Hero MotoCorp<br>- Large-scale manufacturing plant in Hosur |
Founded: 2013
Headquarters: Bengaluru, Karnataka
Overview: Ather Energy is one of the most prominent EV startups in India, known for its smart and connected electric scooters. The Ather 450X, their flagship model, features a touchscreen dashboard, cloud connectivity, and fast-charging capabilities.
Key Achievements:
- Established Ather Grid, a comprehensive charging network.
- Received significant funding from Flipkart founders and Hero MotoCorp.
- Opened a large-scale manufacturing plant in Hosur, Tamil Nadu.
2. Ola Electric
Summary:
Ola Electric, a subsidiary of Ola Cabs founded in 2017, aims to transform urban mobility with its electric scooters, the S1 and S1 Pro. Headquartered in Bengaluru, Ola Electric has raised substantial funding from investors like SoftBank. The company has built one of the world’s largest two-wheeler manufacturing facilities in Tamil Nadu and launched the Ola Hypercharger Network to support rapid charging.
| Founded | 2017 |
|---|---|
| Headquarters | Bengaluru, Karnataka |
| Overview | Subsidiary of Ola Cabs, dedicated to transforming urban mobility with electric scooters like S1 and S1 Pro. |
| Key Achievements | – Raised substantial funding from investors like SoftBank<br>- Built one of the world’s largest two-wheeler manufacturing facilities in Tamil Nadu<br>- Launched the Ola Hypercharger Network for rapid charging |
Founded: 2017
Headquarters: Bengaluru, Karnataka
Overview: A subsidiary of Ola Cabs, Ola Electric is dedicated to transforming urban mobility with its electric scooters. Their S1 and S1 Pro models boast impressive range, speed, and innovative features.
Key Achievements:
- Raised substantial funding from investors like SoftBank.
- Built one of the world’s largest two-wheeler manufacturing facilities in Tamil Nadu.
- Launched the Ola Hypercharger Network for rapid charging.
3. Revolt Motors
Summary: Summary: Revolt Motors, established in 2017 and headquartered in Gurugram, is known for its AI-enabled electric motorcycles, such as the Revolt RV400. This motorcycle, India’s first AI-enabled bike, offers features like geo-fencing, customizable exhaust sounds, and over-the-air updates. Revolt has pioneered a monthly subscription model for bike ownership, expanded to multiple cities, and partnered with major banks for financing options.Revolt Motors, established in 2017 and headquartered in Gurugram, is known for its AI-enabled electric motorcycles, such as the Revolt RV400. This motorcycle, India’s first AI-enabled bike, offers features like geo-fencing, customizable exhaust sounds, and over-the-air updates. Revolt has pioneered a monthly subscription model for bike ownership, expanded to multiple cities, and partnered with major banks for financing options.
| Founded | 2017 |
|---|---|
| Headquarters | Gurugram, Haryana |
| Overview | Provides AI-enabled electric motorcycles, including India’s first AI-enabled motorcycle, the Revolt RV400. |
| Key Achievements | – Pioneered the monthly subscription model for bike ownership<br>- Expanded operations to multiple cities across India<br>- Partnered with major banks for easy financing options |
Founded: 2017
Headquarters: Gurugram, Haryana
Overview: Revolt Motors focuses on providing AI-enabled electric motorcycles. The Revolt RV400 is India’s first AI-enabled motorcycle, offering features like geo-fencing, customizable exhaust sounds, and over-the-air updates.
Key Achievements:
- Pioneered the monthly subscription model for bike ownership.
- Expanded operations to multiple cities across India.
- Partnered with major banks for easy financing options.
4. Ultraviolette Automotive
Summary:
Founded in 2015 and based in Bengaluru, Ultraviolette Automotive focuses on creating high-performance electric motorcycles. Their flagship model, the F77, is noted for its aerodynamics, robust design, and impressive range and speed. The company has secured significant investment from TVS Motor Company and established a state-of-the-art R&D facility.
| Founded | 2015 |
|---|---|
| Headquarters | Bengaluru, Karnataka |
| Overview | Focuses on creating high-performance electric motorcycles, like the F77, known for its aerodynamics and robust design. |
| Key Achievements | – Secured investment from TVS Motor Company<br>- F77 boasts a range of 150 km and a top speed of 147 km/h<br>- Established a state-of-the-art R&D facility |
Founded: 2015
Headquarters: Bengaluru, Karnataka
Overview: Ultraviolette Automotive aims to create high-performance electric motorcycles. Their F77 model offers a blend of aerodynamics, battery technology, and robust design, making it one of the most anticipated electric bikes in the market.
Key Achievements:
- Secured investment from TVS Motor Company.
- F77 boasts a range of 150 km and a top speed of 147 km/h.
- Established a state-of-the-art R&D facility.
5. Yulu
Summary:
Yulu, founded in 2017 and headquartered in Bengaluru, provides a micro-mobility service through electric bike-sharing. Designed for short-distance commutes, Yulu bikes are easily accessible via a mobile app. The company has partnered with Bajaj Auto for manufacturing and expanded operations to multiple Indian cities. Yulu has also integrated its services with public transportation systems.
| Founded | 2017 |
|---|---|
| Headquarters | Bengaluru, Karnataka |
| Overview | A micro-mobility service offering electric bike-sharing for short-distance commutes, accessible via mobile app. |
| Key Achievements | – Partnered with Bajaj Auto for manufacturing electric scooters<br>- Expanded operations to multiple Indian cities<br>- Successfully integrated with public transportation systems |
Founded: 2017
Headquarters: Bengaluru, Karnataka
Overview: Yulu is a micro-mobility service that focuses on reducing traffic congestion and pollution through its electric bike-sharing service. Yulu bikes are designed for short-distance commutes and are easily accessible through a mobile app.
Key Achievements:
- Partnered with Bajaj Auto for manufacturing electric scooters.
- Expanded operations to multiple Indian cities.
- Successfully integrated with public transportation systems.
6. Ampere Vehicles
Summary:
Ampere Vehicles, established in 2008 and headquartered in Coimbatore, is known for its affordable and reliable electric scooters, such as the Zeal and Magnus Pro. As a subsidiary of Greaves Cotton, Ampere has a strong financial foundation and an extensive dealership network across India. The company focuses on R&D to improve battery technology and efficiency.
| Founded | 2008 |
|---|---|
| Headquarters | Coimbatore, Tamil Nadu |
| Overview | Known for affordable and reliable electric scooters like the Zeal and Magnus Pro. |
| Key Achievements | – Acquired by Greaves Cotton, boosting financial stability and market reach<br>- Extensive dealership network across India<br>- Focused on R&D to improve battery technology and efficiency |
Founded: 2008
Headquarters: Coimbatore, Tamil Nadu
Overview: Ampere Vehicles, a subsidiary of Greaves Cotton, is known for its affordable and reliable electric scooters. Models like the Zeal and Magnus Pro cater to a wide range of customers, from daily commuters to last-mile delivery services.
Key Achievements:
- Acquired by Greaves Cotton, boosting financial stability and market reach.
- Extensive dealership network across India.
- Focused on R&D to improve battery technology and efficiency.
7. Tork Motors
Summary:
Founded in 2009 and based in Pune, Tork Motors is an early entrant in the Indian electric motorcycle market. The Tork T6X, their primary offering, emphasizes performance and efficiency, supported by proprietary battery management technology. Tork has received funding from Bharat Forge and leverages motorsport racing insights for commercial models.
| Founded | 2009 |
|---|---|
| Headquarters | Pune, Maharashtra |
| Overview | Early entrant in the Indian electric motorcycle market, known for the Tork T6X focused on performance and efficiency. |
| Key Achievements | – Developed proprietary technology for battery management<br>- Received funding from Bharat Forge<br>- Actively involved in motorsport racing, leveraging learnings for commercial models |
Founded: 2009
Headquarters: Pune, Maharashtra
Overview: Tork Motors is one of the earliest entrants into the Indian electric motorcycle market. The Tork T6X is designed with a focus on performance and efficiency, equipped with a robust battery management system and advanced telematics.
Key Achievements:
- Developed proprietary technology for battery management.
- Received funding from Bharat Forge.
- Actively involved in motorsport racing, leveraging learnings for commercial models.
8. EMotorad
Summary:
EMotorad, established in 2020 and headquartered in Pune, specializes in electric bicycles for urban commuting and recreational use. Models like the EMX and T-Rex are known for their durability and advanced features. The company has rapidly expanded with significant sales growth, focused on exporting products internationally, and collaborated with various technology partners.
| Founded | 2020 |
|---|---|
| Headquarters | Pune, Maharashtra |
| Overview | Specializes in electric bicycles for urban commuting and recreational use, with models like EMX and T-Rex. |
| Key Achievements | – Rapid expansion with significant sales growth<br>- Focus on exporting products to international markets<br>- Collaborated with various technology partners to enhance product offerings |
Founded: 2020
Headquarters: Pune, Maharashtra
Overview: EMotorad specializes in electric bicycles designed for urban commuting and recreational use. Their range includes models like EMX and T-Rex, which are known for their durability and advanced features like pedal assist and detachable batteries.
Key Achievements:
- Rapid expansion with significant sales growth.
- Focus on exporting products to international markets.
- Collaborated with various technology partners to enhance product offerings.
9. BattRE Electric Mobility
Summary:
Founded in 2017 and based in Jaipur, BattRE Electric Mobility offers a range of affordable and efficient electric scooters targeting urban and semi-urban commuters. The company emphasizes customer service and after-sales support, has established a comprehensive charging network, and introduced innovative models like BattRE IOT, which features IoT integration.
| Founded | 2017 |
|---|---|
| Headquarters | Jaipur, Rajasthan |
| Overview | Offers a range of affordable and efficient electric scooters, catering to urban and semi-urban commuters. |
| Key Achievements | – Strong focus on customer service and after-sales support<br>- Established a comprehensive charging network<br>- Introduced innovative models like BattRE IOT, featuring IoT integration for enhanced connectivity |
Founded: 2017
Headquarters: Jaipur, Rajasthan
Overview: BattRE Electric Mobility offers a range of affordable and efficient electric scooters. Their products are designed to cater to the mass market, with a focus on urban and semi-urban commuters.
Key Achievements:
- Strong focus on customer service and after-sales support.
- Established a comprehensive charging network.
- Introduced innovative models like BattRE IOT, featuring IoT integration for enhanced connectivity.
10. Euler Motors
Summary:
Euler Motors, established in 2018 and headquartered in New Delhi, focuses on commercial electric vehicles, particularly electric three-wheelers for cargo transportation. The company has raised significant funding from investors such as Blume Ventures, partnered with e-commerce and logistics companies for fleet deployment, and developed a robust charging infrastructure and service network.
| Founded | 2018 |
|---|---|
| Headquarters | New Delhi |
| Overview | Focuses on commercial electric vehicles, particularly electric three-wheelers for cargo transportation. |
| Key Achievements | – Raised significant funding from investors including Blume Ventures<br>- Partnered with various e-commerce and logistics companies for fleet deployment<br>- Developed a strong network of charging infrastructure and service centers |
Founded: 2018
Headquarters: New Delhi
Overview: Euler Motors focuses on commercial electric vehicles, particularly electric three-wheelers for cargo transportation. Their vehicles are designed to offer high load capacity, durability, and efficiency, making them ideal for last-mile delivery services.
Key Achievements:
- Raised significant funding from investors including Blume Ventures.
- Partnered with various e-commerce and logistics companies for fleet deployment.
- Developed a strong network of charging infrastructure and service centers.
Frequently Asked Questions (FAQs) about Top 10 Electric Vehicle Startups in india
| Question | Answer |
|---|---|
| What is the startup known for? | Ather Energy is known for its smart and connected electric scooters like Ather 450X. |
| What features do their vehicles offer? | Ather scooters offer touchscreen dashboards, cloud connectivity, and fast charging capabilities. |
| What is Ather Grid? | Ather Grid is a comprehensive charging network established by Ather Energy. |
| Who are their major investors? | Ather Energy has been funded by Flipkart founders and Hero MotoCorp among others. |
| What is the startup known for? | Ola Electric specializes in electric scooters like the S1 and S1 Pro, aiming to transform urban mobility. |
| How has Ola Electric expanded its operations? | Ola Electric has built one of the world’s largest two-wheeler manufacturing facilities in Tamil Nadu and launched the Ola Hypercharger Network for rapid charging. |
| What is unique about Revolt Motors’ motorcycles? | Revolt Motors’ motorcycles, like the RV400, are AI-enabled with features such as customizable exhaust sounds and over-the-air updates. |
| What model is famous from Ultraviolette Automotive? | Ultraviolette Automotive is known for the F77, a high-performance electric motorcycle with advanced aerodynamics and robust design. |
| Who has invested in Ultraviolette Automotive? | TVS Motor Company has invested significantly in Ultraviolette Automotive to support its growth. |
| What service does Yulu provide? | Yulu provides electric bike-sharing services for short-distance commutes through a mobile app. |
| What are the key features of Ampere Vehicles? | Ampere Vehicles offers affordable electric scooters like the Zeal and Magnus Pro, focusing on reliability and extensive dealership network. |
| What is Tork Motors known for? | Tork Motors specializes in electric motorcycles like the T6X, emphasizing performance and proprietary battery management technology. |
| How has EMotorad expanded its market presence? | EMotorad has expanded rapidly with models like EMX and T-Rex, focusing on urban commuting and recreational electric bicycles. |
| What is unique about BattRE Electric Mobility’s scooters? | BattRE Electric Mobility offers efficient scooters like the BattRE IOT with IoT integration for enhanced connectivity and user experience. |
| What vehicles does Euler Motors focus on? | Euler Motors focuses on commercial electric vehicles, particularly electric three-wheelers for cargo transportation. |
Conclusion
The Indian electric vehicle landscape is rapidly evolving, with these startups leading the charge towards a greener and more sustainable future. From electric scooters and motorcycles to bicycles and commercial vehicles, these companies are not only innovating but also addressing the unique challenges of the Indian market. As the government continues to push for electric mobility through favorable policies and incentives, the future looks bright for these trailblazing startups.
